Russian Federation: Petroleum Market 2020

Petroleum Market Size in Russian Federation

The revenue of the petroleum market in Russia amounted to $X in 2017, reducing by -X% against the previous year. Overall, petroleum consumption continues to indicate a deep contraction. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. Russia petroleum consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Production in Russian Federation

In 2017, approx. X tons of petroleum were produced in Russia; going down by -X% against the previous year. In general, petroleum production continues to indicate an abrupt downturn. The pace of growth appeared the most rapid in 2012, with an increase of X% y-o-y. Russia petroleum production peaked of X tons in 2016, and then declined slightly in the following year.

Petroleum Exports from Russian Federation

In 2017, petroleum exports from Russia amounted to X tons, growing by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2010, with an increase of X% year-to-year. Over the period under review, the petroleum exports attained its maximum volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports totaled $X in 2017. Overall, petroleum exports continue to indicate a modest growth. Over the period under review, the petroleum exports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from Russian Federation

In 2017, the U.S. (X tons), followed by Russia (X tons), Singapore (X tons), the Netherlands (X tons), South Korea (X tons) and India (X tons) represented the main exporters of petroleum, together creating X% of total exports. China (X tons), Belgium (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) held the mild share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Russia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Among the main exporting countries , the U.S. (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Russian Federation

The petroleum export price in Russia stood at $X per ton in 2017, surging by X% against the previous year. In general, petroleum export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Over the period under review, the export prices for petroleum attained its maximum level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per ton), while the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Russian Federation

In 2017, approx. X tons of petroleum were imported into Russia; rising by X% against the previous year. Overall, petroleum imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2008, when imports increased by X% year-to-year. Over the period under review, the petroleum imports reached its peak figure volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, petroleum imports totaled $X in 2017. In general, petroleum imports continue to indicate a prominent increase. Russia imports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Petroleum Imports by Country into Russian Federation

The U.S. (X tons) and Singapore (X tons) represented roughly X% of total imports of petroleum in 2017. It was followed by the Netherlands (X tons), comprising X% share of total imports. Mexico (X tons), Belgium (X tons), Germany (X tons), Malaysia (X tons), France (X tons), China (X tons), the UK (X tons), Indonesia (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Singapore ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Russia lagged somewhat behind, together comprising a further X%.

Among the main importing countries , Malaysia (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Russian Federation

In 2017, the petroleum import price in Russia amounted to $X per ton, picking up by X% against the previous year. Overall, petroleum import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. Russia import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per ton) and Germany ($X per ton), while China ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform